It's considered an honor in itself to finish a graduate degree, so distinctions between Cum Laude, Magna Cum Laude, and Summa Cum Laude aren't usually made at the post-baccalaureate level. I've heard of the distinctions being made but I have not yet seen a university that actually did. (Just saying.)
I love elitists who aren't really elite in any way... they amuse me greatly.